Hi richie, $2 mining costs is achievable, but what about benefication, smelting, transport, admin, mine closure, capex, interest, and all the other costs of developing a mine. The dfs should detail all of these costs as well as their time frame. Then a bankable document will need to be prepared, then funds raised etc etc. Frankly I have no confidence in management to do these things and I speak as a retired person from a lifetime in the mining industry.
the perspective is that this is a small deposit and like most small deposits will not stand the cost of mine development on its own.
If I could sell my shares at my average cost of 15 cents I would gladly do so.
again guys and gals, please do your own research. I am biassed by my experience.
ARD Price at posting:
5.5¢ Sentiment: None Disclosure: Held
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